A screw conveyor is a mechanism comprising a rotating helical screw blade that is contained within a tube; its primary use is moving granular and liquid materials and thus, screw conveyors are widely used in bulk handling of materials in various industries.
Scope of the Report:
The mining and cement industry segment to be the largest market for screw conveyors. In the mining industry, screw conveyors are used for many purposes including conveying, blending, and mixing salt, coal, lime, and other materials. The rapid development and urbanization in countries like India and China are expected to lead to an increase in demand for mined products, driving the demand for screw conveyors over the forecast period.
APAC dominated the screw conveyors market and accounted for more than 35% of the market share. Significant economic development in most APAC countries has led to a demand form for screw conveyors in the mining industry. Furthermore, the rise in the number of food and beverage industry and a boom in the agriculture industry in the region is expected to have a positive impact on the demand for screw conveyors over the forecast period.
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The report forecasts the global Screw Conveyor market to grow to reach $$ Million USD in 2019 with a CAGR of –% during the period 2020-2025.
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